WELL-KNOWN NORTH HOBART RESTAURANT | EXCEPTIONAL OPPORTUNITY

WELL-KNOWN NORTH HOBART RESTAURANT | EXCEPTIONAL OPPORTUNITY

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Location Details :

Country

Australia

State

--

City

North Hobart


Industry :
Professional - Brokerage ;

Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

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About the business

INVESTMENT: $250,000 WIWO

Malik means the chief of a village or community in parts of South Asia and the Middle East. And this restaurant is all about community and offering great food in a friendly, relaxed environment that caters easily for larger groups as it does to the intimate table of two.

The business, when opened, activated the North Hobart strip with its upmarket street frontage, stunning interior, and mind-blowing modern take on middle eastern food.

* Monthly rent & outgoings $4,171.41
* Stunning interior-designed restaurant
* 40-seater restaurant in North Hobart with a liquor licence
* Lease options through to 2025 with 5 +5-year options
* Experienced team in place; the current owner does not work in the business
* Currently operates 4 nights a week for dinner
* Eat-in, takeaway and delivery services offered
* Business has a strong loyal local and tourist following with consistent sales
* No direct competition for this cuisine in the local area
* Well known for consistent, quality food and service
* 2021 Net Profit ( PEBITDA) $94,605 (4 nights a week of trade)

This is the perfect restaurant for an owner-operator to take on and expand with multiple opportunities like extended trading hours, increased functions and even weekend breakfasts and brunches...

Malik is one of Hobart’s nicest-looking restaurants, with a lush, warm, and inviting interior, a good-sized open kitchen, modern branding and great food and drinks and offers many opportunities and a solid return to an owner. This little restaurant is the perfect choice for hospitality professionals.

Enquire now to receive a detailed Business Profile. All enquiries are treated in the strictest confidence.

Send an email to kat.little@finnbusinesssales.com.au
or call Kat on 0419 422 124

FINN BUSINESS SALES TASMANIA website:
https://tasmania.thefinngroup.com.au/

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